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Kolomoisky designated corrupt by the US
RUSSIA / FSU POLITICS · In Brief · 06 Mar 2021

On March 5 the United States stated that Ihor Kolomoisky is guilty of significant corruption. He and his close relatives have therefore been banned from entering the United States. It is speculated that the banned list might be extended to cover his associates.The statement against Kolomoisky rel...

MTS starts pilot 5G network in Moscow
RUSSIA / FSU POLITICS · In Brief · 05 Mar 2021

On March 5 Russia's main cellphone carrier began the scheme. It has started 14 hotspots in the city center around tourist attractions and the financial district.Those taking part in the pilot scheme are smartphone owners. They will get ultra HD videos and cloud gaming. Technicians are striving to...

Flying start for Russian retail giant's IPO
RUSSIA / FSU POLITICS · In Brief · 05 Mar 2021

On March 5 it was announced that FixPrice's IPO in London has gained USD 2 billion in investment. This exceeded expectations. The IPO is now being increased. This is record breaking for a Russian retail company. It is the greatest Russian listing in the UK since 2007.FixPrice is selling shares at...

RUB falls as Western sanctions are expected
RUSSIA / FSU POLITICS · In Brief · 05 Mar 2021

On March 5 the Russian currency took a hit due to rumors that the UK and US intended to introduce swinging sanctions. The RUB fell 1% and was worth 74.5 to the USD. Bloomberg reported that asset freezes and travel bans could be introduced on billionaires suspected of being close to Putin. Limitat...

IMF loans in doubt but Ukraine receives US military aid
RUSSIA / FSU POLITICS · In Brief · 04 Mar 2021

On February 28 the IMF completed its review of Ukraine's economy but did not commit to granting the next installment of a USD 5 billion loan to Ukraine. Ukraine anticipates USD 700 million June 2021. The government badly needs the money. Kyiv is trying to win a EUR 600 million subvention from the...

EU will not end sanctions on Russia
RUSSIA / FSU POLITICS · In Brief · 04 Mar 2021

On March 2 the EU reaffirmed that sanctions imposed on Russia in 2014 will not be removed. Those sanctions are in relation to the Ukrainian conflict and have to be extended every six months. The European Council chief is on a 2-day visit to Ukraine at the moment.The EU also announced a new econom...

Slovakia will receive 2 million doses of Sputnik V
RUSSIA / FSU POLITICS · In Brief · 02 Mar 2021

On March 2 the first batch of the Russian coronavirus vaccine arrived in Slovakia. Moscow is delighted with this commerical and soft power success. Slovakia is an EU country. The EU's vaccine rollout has been notoriously slow.Austria and the Czech Republic are in discussions about buying Sputnik ...

FixPrice prepares London IPO
RUSSIA / FSU POLITICS · In Brief · 01 Mar 2021

On March 1 FixPrice said it is preparing for Russia's greatest foreign IPO since 2014.FixPrice is the country's main chain of discount stores. It has commenced bookbuilding for its IPO. The aim is to raise over USD 1.5 billion in cash to fund new stores in Russia. The company might be worth as mu...

Moldova receives first vaccines from Romania
RUSSIA / FSU POLITICS · In Brief · 28 Feb 2021

On February 26 the first batch of coronavirus vaccines were flown to Chisinau. Romania has promised to gift 200,000 doses of its share of the EU vaccine to Moldova. Moldova and Romania are neighbors. They share the same language though Moldova also has Russian as an official language.

Relations between Russia and US at rock bottom over Syria and Crimea
RUSSIA / FSU POLITICS · In Brief · 27 Feb 2021

On February 26 Moscow condemned US air strikes on Syria. The attacks supposedly killed Iranian militants. Russia is a stalwart ally of Syria.On February 26 President Biden said that Crimea belongs to Ukraine, and the United States shall never recognize it as Russian land. There has been an increa...

Ukraine receives vaccines from India
RUSSIA / FSU POLITICS · In Brief · 27 Feb 2021

On February 23 a consignment of 500,000 doses of AtsraZeneca arrived in Ukraine from India. Ukraine has finally started vaccinating people. Kyiv has refused to purchase Sputnik V, and Western vaccines are too expensive for Ukraine. The EU has a program to provide Eastern European nations with vac...

Essential CIS Politics: February 2021
RUSSIA / FSU POLITICS · Report · 26 Feb 2021

* Pro-Navalny protests in Russia were attended by EU diplomats, leading to tit-for-tat expulsions and jeopardizing Nord Stream 2. * Coronavirus is falling in Russia, and restrictions are easing but vaccination is very slow. * Ukraine, under US pressure, banned a Chinese compa...

10% of Russian SMEs face closure
RUSSIA / FSU POLITICS · In Brief · 26 Feb 2021

On February 24 a government study showed that a tenth of small businesses are about to fold. The business ombudsman conducted the study. The survey was published on RBK. The small business sector is irate that almost all government aid has been directed at major corporations, i.e., those most abl...

Armenian Army denounces the prime minister
RUSSIA / FSU POLITICS · In Brief · 26 Feb 2021

On February 24 the army issued a statement expressing its lack of confidence in Prime Minister Nikol Pashinyam. The generals said that he was ''incapable of making adequate decisions.'' Pashinyan brought 20 000 admirers onto the streets in a show of force. Pahinyan said that the army top brass' s...

Russian public debt up 40% in one year
RUSSIA / FSU POLITICS · In Brief · 25 Feb 2021

On February 23 the Audit Chamber published data demonstrating that Russia's public sector borrowing ballooned in 2020. The national debt is USD 257 billion: that is 17.8% of GDP. The debt is not large by global standards. However, the government has boasted of the success of its fiscal discipline...

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